- State four ways in which knowledge of business studies would benefit a secondary school leaver. (4 marks)
- Identify any four characteristics of economic resources. (4 marks)
- Highlight four disadvantages of multiple stores. (4 marks)
- Name four roles of central bank of Kenya in an economy. (4 marks)
- State four limitations of delocalization of firms. (4 marks)
- Identify four features of capital as a factor of production. (4 marks)
- State four importance of development planning. (4 marks)
- Highlight four demerits of government involvement in business activities. (4 marks)
- Highlight four causes of a shift of demand curve to the left. (4 marks)
- Give four disadvantages of using the website in a business organization. (4 marks)
- Give four assumptions of circular flow of income in a two sector economy. (4 marks)
- Outline four circumstances under which an insurance company may re-insure. (4 marks)
- Give the meaning of the following abbreviations as used in business studies. (4 marks)
- F.O.R
- O.N.O
- C.O.D
- C.I.F
- State four positive implication of large population in a country. (1 mark)
- State four roles of stock exchange as a market for securities. (4 marks)
- Outline four merits of indirect tax. (4 marks)
- State four challenges that may be faced by a person who communicates using a mobile phone. (4 marks)
- The following information was extracted from the books of down traders 31/1/2011
Shs. Purchases 300,000 Rent 418,000 Opening Stock 25,000 Sales 568,000 Closing stock 125,000 Bank overdraft 430,000
Required to prepare trading profit and loss account for the month ended 21/1/2011 (4 marks) - State four characteristics of a good entrepreneur. (4 marks)
- Keenly study the balance sheet of Smart traders which has been wrongly drawn, prepare a correct one. (4 marks)
- Outline four principles of cooperative societies. (4 marks)
- State four errors that cannot be revealed by a trial balance. (4 marks)
- Outline four differences between a whole life policy and endowment policy. (4 marks)
- State the effect of each of the following transactions on the balance sheet by writing increase or decrease or no effect in each case. (4 marks)
- Bought machinery on credit
- Withdrew cash from the business for personal use
- Purchased stock in cash
- Paid outstanding loan by cheque
- On May 26, 2000 Owino had sh. 15000 in hand and a bank overdraft of sh. 25000. During the month of the May, the following transactions took place.
May 2 Cash sales banked Shs. 40360
4 Bought stationery in cash 2400
6. Received a cheque of sh. 97800 from Omoyo after allowing him a cash discount of sh 2200
9. Paid Watonga a creditor sh. 65,800 by cheque after deducting 6% cash discount
15. Paid wages sh. 8000 in cash
18. James a debtor settled his account of sh. 75000 by cheque less 10% cash discount
25 Withdrew sh 30000 from bank for office use
28. Cash purchases sh. 10000
31. Withdrew sh. 7000 from bank for private use
Required: Prepare a three column cash book and balance off. (4 marks)
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